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by saosebastiao 4823 days ago
I know of a few VCs who just can't help themselves...not just giving them money, but telling them how to spend it too. And for some reason, they all seem to want them to spend it on a hotshot HBS-trained former big consulting general partner that will suck up all their cash and equity and give them a failed business in return.

They like to claim that there is some value-add with having their experience as "part of the team"...but for 90% of the VCs out there, it is bullshit. It is just a ploy to get better deals.